Palisade Capital Management LLC NJ raised its position in Texas Roadhouse, Inc. (NASDAQ:TXRH) by 1.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 305,501 shares of the restaurant operator’s stock after acquiring an additional 5,659 shares during the quarter. Palisade Capital Management LLC NJ owned approximately 0.43% of Texas Roadhouse worth $15,012,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. First Trust Advisors LP lifted its stake in shares of Texas Roadhouse by 114.4% during the 3rd quarter. First Trust Advisors LP now owns 47,589 shares of the restaurant operator’s stock worth $2,339,000 after buying an additional 25,396 shares during the last quarter. Nationwide Fund Advisors lifted its stake in shares of Texas Roadhouse by 10.5% during the 3rd quarter. Nationwide Fund Advisors now owns 618,135 shares of the restaurant operator’s stock worth $30,375,000 after buying an additional 58,598 shares during the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Texas Roadhouse during the 3rd quarter worth about $762,000. Mutual of America Capital Management LLC lifted its stake in shares of Texas Roadhouse by 5.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 54,615 shares of the restaurant operator’s stock worth $2,684,000 after buying an additional 2,638 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of Texas Roadhouse during the 2nd quarter worth about $37,869,000. Hedge funds and other institutional investors own 86.39% of the company’s stock.
A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of Texas Roadhouse from a “hold” rating to a “buy” rating and set a $56.00 price target on the stock in a research report on Friday, July 21st. Jefferies Group LLC reaffirmed a “sell” rating and set a $40.00 price target on shares of Texas Roadhouse in a research report on Thursday, August 31st. Barclays PLC lowered their price target on shares of Texas Roadhouse from $56.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Maxim Group reaffirmed a “buy” rating and set a $55.00 price target on shares of Texas Roadhouse in a research report on Friday, October 20th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Texas Roadhouse in a research report on Tuesday. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.05.
In related news, Director Kathy Widmer sold 2,000 shares of Texas Roadhouse stock in a transaction that occurred on Thursday, September 21st. The shares were sold at an average price of $47.95, for a total transaction of $95,900.00. Following the sale, the director now directly owns 11,750 shares in the company, valued at approximately $563,412.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider S. Chris Jacobsen sold 2,500 shares of Texas Roadhouse stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $49.25, for a total transaction of $123,125.00. Following the sale, the insider now owns 15,184 shares in the company, valued at $747,812. The disclosure for this sale can be found here. 7.40% of the stock is owned by company insiders.
Texas Roadhouse, Inc. (NASDAQ TXRH) traded down $0.98 during trading hours on Friday, reaching $48.62. 992,182 shares of the company traded hands, compared to its average volume of 638,036. The company has a current ratio of 0.69, a quick ratio of 0.64 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $3,490.46, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.01 and a beta of 0.53.
Texas Roadhouse (NASDAQ:TXRH) last posted its earnings results on Monday, October 30th. The restaurant operator reported $0.43 EPS for the quarter, hitting the consensus estimate of $0.43. Texas Roadhouse had a net margin of 5.73% and a return on equity of 16.71%. The business had revenue of $540.50 million for the quarter, compared to the consensus estimate of $538.15 million. During the same period last year, the company earned $0.36 EPS. The firm’s revenue was up 12.2% compared to the same quarter last year. analysts predict that Texas Roadhouse, Inc. will post 1.93 EPS for the current year.
Texas Roadhouse Company Profile
Texas Roadhouse, Inc is a restaurant company, which operates in the casual dining segment. The Company offers an assortment of seasoned and aged steaks, all cooked over open grills and all but one hand cut daily on the premises. Its restaurants offer a range of menu items at prices that are designed to appeal to a range of consumer tastes.
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